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E&O Insurance for MGA Select Enrollers

Errors & Omissions Insurance for MGA Select Enrollers ENROLLERS

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Pricing Information  •   Program Eligibility  •   Program Features  •   Coverage Limits  •   Deductibles and Retentions  •   Payment Options  •   Underwriter  •   Disclosures

About This Coverage

  • This Errors and Omissions Insurance Plan is designed exclusively for hired per diem or commission-based enrollers only.

Pricing Information

$500,000 per claim/ $500,000 annual aggregate
Protects professional enrollers from claims arising from the enrollment of group benefits and/or life & health products and services in the worksite marketing environment. This coverage is intended for hired per diem or commission-based enrollers only. Coverage is NOT intended for the broker on the benefit plan. Claims-made financial services professional liability coverage limited to services provided as an enrollment specialist.
Effective Date Pay In Full or Down Payment w/ Monthly Payment
04/01/18 Apply today for $261.00 $79.00 $22.00
   View more limit, coverage and pricing options
  • This is an annual policy which renews 12 months from your selected effective date. Pricing includes premium, applicable administrative fees, taxes and doc stamps. Down payment includes one month's premium, admin fees, taxes, doc stamps and a $5.00 monthly processing fee. Monthly payments include one month's premium and $5.00 processing fee and will begin the third business day of the month after the enrollment effective date.

Program Eligibility

  • You must have an active life and/or health insurance license to be eligible for coverage.

Program Features

  • New Coverage Endorsement: Coverage for E&O claims involving the DOL Fiduciary Rule
  • This coverage is intended for hired per diem or commission-based enrollers only. Coverage is NOT intended for the broker on the benefit plan. The plan is an annual-renewable claims-made policy. Claims-made financial services professional liability coverage limited to services provided as an enrollment specialist.
  • Coverage under this program is offered on a claims made basis. The policy will only cover claims first made against the Insured and reported to the Insurer during the certificate period. The agent must not have had knowledge of the claim or circumstances likely to result in a claim at the effective date of coverage.
  • This policy applies to an act, error or omission which takes place anywhere in the world, provided that the claim is made and suit is brought against the Insured in the United States of America
  • Instant certificate of insurance for qualified applicants
  • $10,000,000 policy aggregate

Coverage Limits

  • $500,000 per claim / $500,000 annual aggregate
  • $1 Million per claim / $1 Million annual aggregate

Deductibles and Retentions

  • $250 deductible for claims arising from the enrollment of group benefits and/or life & health products and services in the worksite marketing environment.

Payment Options

  • Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the 3rd business day of each month.

Underwriter

  • This errors and omissions coverage is placed with an admitted carrier. Please reference the A.M. Best rating chart and disclosures link below for an explanation of admitted and non-admitted carriers.
  • One or more of the CNA companies provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. “CNA" is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the "CNA" service mark in connection with insurance underwriting and claims activities. Copyright © 2018 CNA. All rights reserved.
    www.cna.com
    CNA is an A.M. Best A (Excellent) XV rated carrier.

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